Separately, Zacks Investment Research raised shares of Usio from a “sell” rating to a “hold” rating in a report on Friday, July 19th.
Usio stock traded up $0.15 during trading hours on Thursday, reaching $2.85. The stock had a trading volume of 23,300 shares, compared to its average volume of 63,989. The firm has a market cap of $43.10 million, a PE ratio of -9.19 and a beta of 1.53. Usio has a 52 week low of $1.38 and a 52 week high of $3.82. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.24.
Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.
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